Tesla, Inc. (NASDAQ:TSLA) is Menlo Advisors LLC's 9th Largest Position

Menlo Advisors LLC decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,069 shares of the electric vehicle producer's stock after selling 1,100 shares during the quarter. Tesla makes up 4.4% of Menlo Advisors LLC's investment portfolio, making the stock its 9th largest position. Menlo Advisors LLC's holdings in Tesla were worth $8,508,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Townsend Asset Management Corp NC ADV purchased a new position in Tesla in the 4th quarter valued at approximately $223,000. Raymond James Financial Inc. bought a new position in Tesla in the 4th quarter valued at $890,251,000. Dana Investment Advisors Inc. grew its position in Tesla by 42.1% during the fourth quarter. Dana Investment Advisors Inc. now owns 3,120 shares of the electric vehicle producer's stock worth $1,260,000 after buying an additional 925 shares in the last quarter. Vision Financial Markets LLC bought a new position in shares of Tesla in the fourth quarter worth approximately $1,834,000. Finally, Cullen Frost Bankers Inc. raised its stake in Tesla by 12.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 55,824 shares of the electric vehicle producer's stock valued at $22,544,000 after purchasing an additional 6,366 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the sale, the director now directly owns 5,400 shares of the company's stock, valued at $2,222,802. This represents a 94.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,672 shares of Tesla stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $7,242,273.50. This trade represents a 9.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 422,452 shares of company stock valued at $153,659,530. Corporate insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TSLA shares. Robert W. Baird cut their price target on shares of Tesla from $440.00 to $370.00 and set an "outperform" rating for the company in a research note on Thursday. Wells Fargo & Company upped their target price on shares of Tesla from $125.00 to $135.00 and gave the stock an "underweight" rating in a research report on Thursday, January 30th. Wedbush restated an "outperform" rating and set a $550.00 price target on shares of Tesla in a research report on Friday. Glj Research reiterated a "sell" rating and issued a $24.86 price objective on shares of Tesla in a report on Wednesday, February 12th. Finally, Cowen raised Tesla from a "hold" rating to a "buy" rating in a report on Thursday. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus price target of $326.31.

Tesla Trading Down 15.4 %

NASDAQ TSLA traded down $40.52 during trading on Monday, hitting $222.15. The company had a trading volume of 185,593,857 shares, compared to its average volume of 84,785,266. The company's fifty day moving average is $367.78 and its 200-day moving average is $319.38. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company has a market cap of $714.55 billion, a price-to-earnings ratio of 108.90, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.